Answer: B. An insured borrows money from the bank and makes a collateral assignment of a part of the death benefit to secure the loan.
Explanation:
A collateral assignment allows a person to use their life insurance policy as collateral when taking out a loan. It is therefore based on a life insurance policy ownership, but isn't one itself.
It works by allowing the creditor to be able to get back whatever is owed to them when the debtor dies by claiming it from the proceeds of the debtor's life insurance policy.
Answer:
$1320
Explanation:
Data obtained from the question include:
Principal (P) = $22000
Rate (R) = 12 %
Time (T) = 6 months
There are 12 months in a year i.e
12 months = 1 year.
Therefore, 6 months = 6/12 = 1/2 year
Interest (I) =?
Interest is related to principal, rate and time by the following equation:
I = PRT
I = 22000 x 12% x 1/2
I = 22000 x 12/100 x 1/2
I = $1320
Therefore, the interest revenue earned for the entire term of the note is $1320
Answer:
the answer is the army's "special forces"
Explanation:
The special forces unit is a unit of a group of ppl specially trained to perform certain tactics. like hostage retrieval, apprehension of a dangerous group leader, etc.
Negative punishment. Negative = Something is removed. In this case, he is removed from games. Punishment = aiming to decrease the behavior.